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Sep 6, 2012 7:00pm EDT
to restore confidence in the u.s. economy. stocks are at their highest point since president obama took office. still, many americans are asking themselves if they're better off now than they were four years ago. investors are looking at their financial statements as a guide. but as erika miller explains, that doesn't necessarily mean americans are feeling better about their economic situation. >> reporter: four years ago, the financial crisis was getting worse and the global economy falling off a cliff. so it's no wonder many americans are feeling better about their financial situation now versus four years ago. >> i'm better off right now than i was four years ago by a long shot. >> i feel more comfortable, because i'm older, i have more of a vision of what i want for my future. >> reporter: but others say they're worse off, especially those living paycheck to paycheck or out of work. >> three years ago, i had a job. i've been disemployed for a year now. >> reporter: and plenty of other americans aren't exactly sure where they stand. >> i don't know if i have a lot to base it on; i'm
Sep 12, 2012 7:00pm EDT
. >> tom: about 70% of hispanic voters favor president obama in the upcoming election according to the latest gallup poll. but experts say getting them to cast votes could be tricky. many hispanic businesses say they're disappointed by obama's handling of the economy, healthcare and immigration. diane eastabrook has more. >> reporter: alfonso silva's biscuits and cookies have been making mouths water in chicago's pilsen neighborhood for three decades. but in recent years he's seen a drop off in customers. >> sometimes it's okay, but sometimes it's very bad because of the economy. >> reporter: boarded up storefronts throughout pilsen reflect the toll the sour economy has taken on hispanic businesses in chicago and across the nation. unemployment is part of the problem. in august the jobless rate among hispanics was 10.2%. almost 2% points higher than the overall rate. >> because of the level of unemployment people are not spending as they were in previous years and that certainly is going to hurt a business that deals directly with consumers. >> reporter: deportation is another p
Sep 10, 2012 7:00pm EDT
the strike is testing reforms endorsed by the obama administration. >> reporter: chicago public school teachers pounded the pavement all day before the city's board of education headquarters. most wouldn't talk about their contract dispute with the city, but one supportive spouse did. >> they deserve whatever they need to teach our children. it's just pretty sad that it has to get to this extent. >> reporter: while wages and benefits are an issue with the nearly 30,000 educators-- an even bigger one concerns how mayor rahm emmanuel wants to evaluate them. the mayor is backing an obama administration policy that evaluates instructors based on student test scores. the teachers argue the broader community and families also influence learning. labor expert robert bruno says the teachers see current plan as an attack on public education. >> so from their perspective they're not just bargaining some narrow bread and butter issues, but they're looking at the collective bargaining process as a way to truly transform in a dramatic way what public education can and should be. >> reporter: mayor
Sep 26, 2012 7:00pm EDT
with the elephant in the room being the affordable care act, the so-called obama care. this data comes in as this act continues to take effect as well as take shape. among the goals is to bend the cost curve, but at least initially seems like that cost curve is getting steeper. >> i think one of the things to keep in mind is that the affordable care act, most of the provisions come into play in 2014. >> tom: so lots of years to go there. we do have to note that you're talking to us despite the fact you're feeling under the weather yourself so, we'll let you go see the doctor tonight. david newman works the health care cost institute. >> tom: all this week, we've been looking at the view of the presidential election, from the trading pits. tonight "politics and the pits" takes us to gold. here's erika miller with trader anthony neglia. >> what happened to the price of gold if obama is reelected. >> if obama remains in office i believe a throft same policys will be put in place, interest rates will remain low until 2016, and i meef that the quantitative easing is going to have to play a
Sep 13, 2012 7:00pm EDT
obama's poor economy. some economists argue bernanke is risking another outburst of inflation when the economy turns around. bernanke says the fed's research shows that's a manageable concern. the bigger fear he sees is that the economy will stumble along indefinitely. >> we're not going to be premature in removing policy accommodation. even after the economy starts to recover more quickly, even after the unemployment rate starts to move down decisively, we're not going to rush to tighten policy. we're going to give it some time to make sure the recovery is well-established. >> reporter: bernanke says businesses will also be more willing to spend and invest if they know the federal reserve is fully committed to getting the economy moving again. darren gersh, nbr, washington. >> susie: joining us now with more analysis, randall kroszner, former governor of the federal reserve, and now professor at the university of chicago booth school of business. randy so, great to have you on this important day to get your take on the fed. tell me, do you think that the fed did the right thing if
Search Results 0 to 4 of about 5